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Ben Franklin Financial, Inc.  (BFFI)
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Ben Franklin Financial Inc's

Competitiveness


 

BFFI Sales vs. its Competitors Q4 2016



Comparing the current results to its competitors, Ben Franklin Financial Inc reported Revenue decrease in the 4 quarter 2016 year on year by -4.4 %, despite the revenue increase by the most of its competitors of 10.52 %, recorded in the same quarter.

List of BFFI Competitors





Revenue Growth Comparisons




Net Income Comparison


Ben Franklin Financial, Inc., despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 145.38 %

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Ben Franklin Financial Inc's Comment on Competitors and Industry Peers


We face intense competition within our market area both in making loans and attracting deposits. The Chicago metropolitan area has a high concentration of financial institutions, including large money center and regional banks, community banks and credit unions, all of which are our competitors to varying degrees. Most of our competitors are significantly larger institutions with greater financial resources than we have, and many offer products and services that we do not or cannot provide.
Our competition for loans and deposits comes principally from commercial banks, savings institutions, mortgage banking firms and credit unions. We face additional competition for deposits from short-term money market funds, brokerage firms, mutual funds and insurance companies. Our deposit sources are primarily concentrated in the communities surrounding our banking offices located in Arlington Heights and Rolling Meadows in Cook County, Illinois.